Positive Pay protects your business from fraud by stopping unauthorized or altered checks before they're paid. Here's how it works and why it matters:

How Positive Pay Works:

• You send your bank a list of approved checks you've issued (check number, amount, date, payee).
• As checks are presented for payment, the bank compares them to your list.
• If anything doesn't match - wrong payee, altered amount, or unknown check - the bank flags it for your review.
• You decide whether to approve or reject the suspicious item.

How It Protects Your Business:

• Prevents altered checks (e.g., someone changing the amount).
• Stops counterfeit checks created using your account number.
• Gives you control over which checks get paid.
• Reduces financial loss and protects your reputation.

In short, Positive Pay acts like a firewall between your checking account and fraud attempts - letting only the right payments through.